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IRA

Industry & Regulatory News

IRS Posts Draft 2025 Instructions for Form 5329

The Internal Revenue Service (IRS) has posted an updated draft 2025 Instructions for Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts, following last month’s release of the draft 2025 Form 5329.

July 08 2025

Industry & Regulatory News

President Signs Tax Bill

President Trump signed into law tax legislation known as the ‘One Big Beautiful Bill Act’ on July 4, 2025. Details of certain provisions of the bill impacting savers can be found here

July 07 2025

Industry & Regulatory News

Washington Pulse - 2025 Tax Bill Provides Key Changes for Savers

Congress passed the tax bill known as the One Big Beautiful Bill Act (OBBBA) on July 3, 2025. This article outlines certain retirement and financial provisions included in the OBBBA.

July 03 2025

News Releases

Senate Passes Its Version of Tax Bill

The Senate has passed by a vote of 51-50 its version of the tax reconciliation bill. The legislation will now move to the House as the President’s self-imposed July 4 deadline quickly approaches.

July 01 2025

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Mississippi, Missouri, Oklahoma, and Texas

The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration for the following disasters for the period indicated.

June 13 2025

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Several States

The Federal Emergency Management Agency (FEMA) issued Major Disaster Declarations on May 21, 2025, for the following.

May 23 2025

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Arkansas Storms

The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on May 8, 2025, for Arkansas severe storms and tornadoes, for the incident period of March 14-15, 2025.

May 14 2025

Industry & Regulatory News

IRS Announces Deadline Relief for Virginia Severe Winter Storms and Flooding

The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storms and flooding in Virginia until November 3, 2025. The tax relief postpones various tax filing deadlines that began on February 10, 2025. Affected individuals and households who reside or have a business in Amelia, Appomattox, Bedford, Bland, and Botetourt counties; the City of Bristol; and Buchanan, Buckingham, Campbell, Carroll, Charlotte, Craig, Cumberland, Dickenson, Floyd, Franklin, Giles, Grayson, Halifax, Lee, Lunenburg, Montgomery, Nottoway, Page, Pittsylvania, Powhatan, Prince Edward, Pulaski, Rockingham, Russell, Scott, Smyth, Tazewell, Washington, Wise, and Wythe Counties, as well as taxpayers with records located in the covered area that are needed to meet covered deadlines, qualify for relief.

May 02 2025

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Kentucky Storms

The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on April 24, 2025, for Kentucky severe storms, straight-line winds, tornadoes, flooding, landslides, and mudslides, for the incident period of April 2, 2025. 

April 28 2025

Industry & Regulatory News

IRS Announces Deadline Relief for Tennessee Storm Victims

The IRS has announced the postponement of certain tax-related deadlines for victims of Tennessee severe storms, straight-line winds, tornadoes and flooding until November 3, 2025. The tax relief postpones various tax filing deadlines that began on April 2, 2025. Affected individuals and households who reside or have a business in the entire state of Tennessee, as well as taxpayers with records located in the covered area that are needed to meet covered deadlines, qualify for relief. 

April 21 2025
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